Which of the following ratios is incorrect? Current ratio = Current assets / Current liabilities Quick ratio = (Current assets – Inventory) / Current liabilities Inventory turnover = (Cost of goods sold) / Inventory Days Sales Outstanding = 365 / Accounts payable turnover
Which of the following ratios is incorrect? Current ratio = Current assets / Current liabilities
Quick ratio = (Current assets – Inventory) / Current liabilities
Inventory turnover = (Cost of goods sold) / Inventory
Days Sales Outstanding = 365 / Accounts payable turnover
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